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Author Topic: Bitcoin press hits, notable sources  (Read 401898 times)
Cluster2k
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June 23, 2011, 05:24:59 AM
 #901


Now that is interesting.

If the entire article is true, they have beaten the forums to the punch.

LulzSec has become the new electronic boogeyman, akin to Al Qaeda.  Over the past few years whenever an attack occurred the media would label it as 'bearing all the hallmarks of Al Qaeda' within hours of the attack, regardless of any investigation or conclusive evidence.  Now we'll have LulzSec being blamed for every electronic intrusion and DDoS.  They must be loving the attention.

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Vladimir
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June 23, 2011, 08:07:56 AM
 #902

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.

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Vladimir
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June 23, 2011, 08:14:06 AM
 #903


Lol, looks like one of those "how do I run 10 000 miners stealthily" poster got busted, surprise, surprise.

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elewton
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June 23, 2011, 08:20:49 AM
 #904

Especially since no sane person takes the Australian media seriously.  Read a few articles on anything remotely controversial, and most will be goose-stepping it up to the party line.
ben-abuya
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June 23, 2011, 08:24:34 AM
 #905

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.


+1

The press is getting addicted to the bitcoin drama, there's no turning back. The story has it all: money, drugs, technology, hackers, politicians. It keeps getting better and better.

http://lamassubtc.com/
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Jessy Kang
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June 23, 2011, 08:33:18 AM
 #906

You do not get it man. There is no such thing as bad publicity.

Facebook Users DROP In U.S.: Millions Left The Social Network In May 2011

Some light reading:
The NPV of Bad News.

"Bitcoin" search volume on Google has been flat for two weeks- so people are not reading these articles and then rushing over to get some.
RaTTuS
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June 23, 2011, 08:46:06 AM
 #907

http://www.guardian.co.uk/technology/2011/jun/22/bitcoins-how-do-they-work
more in the Guardian now

In the Beginning there was CPU , then GPU , then FPGA then ASIC, what next I hear to ask ....

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FreeMoney
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June 23, 2011, 09:50:28 AM
 #908

I'm sure merchants are lining up to support bitcoins with this kind of publicity.

  You do not get it man. There is no such thing as bad publicity. Bitcoin is a singularity which is growing exponentially for some time now and is going to keep growing like that until it stops. All these mainstream publications are doing is pouring gasoline on fire trying to extinguish it.

  Lots of smart people will see through bullshit and hear about bitcoin for the first time. They will adopt it. Idiots will have a chance to get some bitcoins later when one BTC worth 10k$.

 The only thing these hit pieces will ensure is that bitcoin worth 100$ or more by the end of the summer.


+1

The press is getting addicted to the bitcoin drama, there's no turning back. The story has it all: money, drugs, technology, hackers, politicians. It keeps getting better and better.

Needs some sex. I give it 4 days.

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shady financier
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June 23, 2011, 10:08:34 AM
 #909


It's really annoying how they make out the value crashed to pennies and now nobody knows if a bitcoin is worth anything.  And they always show that plunging chart, but not what happened afterwards on other exchanges. The objective is to give the impression that the value crashed and that's it, we all wait on baited breath for the offices of Bitcoin ltd to reopen and announce whether the magical tokens will be honored by the company or not as the auditors move in and the Managing Directors are hauled before the courts.



Roll Eyes

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marcus_of_augustus
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June 23, 2011, 10:21:20 AM
 #910


Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

FreeMoney
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June 23, 2011, 10:22:23 AM
 #911

http://technolog.msnbc.msn.com/_news/2011/06/22/6917264-bitcoin-virtual-money-gets-hacked-and-heisted

Quote
The attack on the Mt. Gox Bitcoin Exchanged involved an attempt convert 400,000 Bitcoin credits to $9 million "real money" (the exchange value at the time). That suspiciously large transaction caused Mt. Gox to take itself offline to investigate, and the resulting panic caused Bitcoin's real money value dramatically.

Now I have been drinking, but I don't think that's the reason I can't parse that last clause.

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relative
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June 23, 2011, 10:26:49 AM
 #912


Needs some sex. I give it 4 days.

it's only a matter of time until there is a bitcoin prostitution story all over cable news.
Vladimir
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June 23, 2011, 10:34:52 AM
 #913

Reporters all just hoping to buy bitcoins on the cheap after their trash stories, been sitting on sidelines since April watching it skyrocket .... once they've bought in they'll be hyping it up like little squealing fat pigs ....

yep, the bastards are just talking up their books, as usual...  Roll Eyes




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FreeMoney
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June 23, 2011, 10:42:43 AM
 #914


Needs some sex. I give it 4 days.

it's only a matter of time until there is a bitcoin prostitution story all over cable news.

First they ignore us then they have sex with us then we win.

Play Bitcoin Poker at sealswithclubs.eu. We're active and open to everyone.
Grouver (BtcBalance)
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June 23, 2011, 11:10:09 AM
 #915

The Mt.gox event was just on the dutch radio.
Some times I think Mt.gox did this intentionally to get tons of publicity.

There getting what they want if this is true.
damn..

FreeMoney
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June 23, 2011, 12:11:05 PM
 #916

The Mt.gox event was just on the dutch radio.
Some times I think Mt.gox did this intentionally to get tons of publicity.

There getting what they want if this is true.
damn..

Lol, I highly highly doubt it, but it does coincide with their new software rollout...

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Current-C
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June 23, 2011, 12:48:18 PM
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Quote

Not an entirely negative piece but he tips his hand here:

Quote
So, way before the dollar value of Bitcoins stepped off a cliff last weekend, I was telling people who asked me that I didn’t use them and didn’t plan to use them.

Frankly, I can’t see why anyone would, when there’s already an electronic digital currency like Bitcoin but backed with gold: GoldMoney. I should disclose that I’m a small investor in the company. But I have to say that I really do like GoldMoney. It does everything Bitcoin does – or did – but is backed by something of real value: gold. That means it’s not just an abstraction, but an actual store of wealth. The ultimate proof of that is that you can take delivery of your gold if you want to. With Bitcoin, there’s nothing to take delivery of. I don’t understand why anyone would use Bitcoin when they can use GoldMoney, which does all the same things but has real backing.

Um . . . nothing against goldmoney but I can think of plenty of reasons to used Bitcoin instead, namely fees and decentralization.  Old school goldbugs seem to be really hung up on Bitcoin needing a physical "backing".  Like the Schiff interview though this article will reach lots of smart people who will see through the BS and find the value here.
proudhon
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June 23, 2011, 01:07:43 PM
 #918

Quote

Not an entirely negative piece but he tips his hand here:

Quote
So, way before the dollar value of Bitcoins stepped off a cliff last weekend, I was telling people who asked me that I didn’t use them and didn’t plan to use them.

Frankly, I can’t see why anyone would, when there’s already an electronic digital currency like Bitcoin but backed with gold: GoldMoney. I should disclose that I’m a small investor in the company. But I have to say that I really do like GoldMoney. It does everything Bitcoin does – or did – but is backed by something of real value: gold. That means it’s not just an abstraction, but an actual store of wealth. The ultimate proof of that is that you can take delivery of your gold if you want to. With Bitcoin, there’s nothing to take delivery of. I don’t understand why anyone would use Bitcoin when they can use GoldMoney, which does all the same things but has real backing.

Um . . . nothing against goldmoney but I can think of plenty of reasons to used Bitcoin instead, namely fees and decentralization.  Old school goldbugs seem to be really hung up on Bitcoin needing a physical "backing".  Like the Schiff interview though this article will reach lots of smart people who will see through the BS and find the value here.

This is the most annoying criticism of all.  The world has changed and is changing.  We have reached or are approaching a time when digital things can replace physical things.  That's just the way it's going.  Stop fighting it.
kiba
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June 23, 2011, 01:10:32 PM
 #919


This is the most annoying criticism of all.  The world has changed and is changing.  We have reached or are approaching a time when digital things can replace physical things.  That's just the way it's going.  Stop fighting it.

Remember wikipedia? The world finally accept wikipedia is here to stay after a decade. Now everyone is "meh". Someday, bitcoin is be "meh" too.

zef
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June 23, 2011, 01:16:32 PM
 #920

Interview with Ben Milne, founder and CEO of Dwolla, on the topic of Bitcoins:
http://www.siliconprairienews.com/2011/06/bitcoin-what-is-it-and-how-is-dwolla-involved-in-its-marketplace
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